The Museum of Hoaxes
hoax archive hoax archive hoax archive hoax archive hoax archive
   
Hoaxes Throughout History
Middle AgesEarly Modern1700s1800-1840s1850-1890s
1900s1910s1920s1930s1940s1950s1960s1970s1980s1990s21st Century2014
Rumormongering Traders
Britain's Financial Services Authority has found a new group to blame for the financial crisis: naive traders spreading rumors. It cites one example of a trader who "spread a piece of 'hot news' to 10 to 12 of his friends over a messaging system without making clear that it was a rumour. One of his contacts then did not hesitate to spread the message on to 150 of his contacts."

To counter the problem, the FSA is urging companies to adopt policies "on how to deal with rumours and monitoring chat sessions, phone calls and emails from traders."

Good thing it's tackling this problem. And once it's succeeded in making the stockmarket perfectly sane and rational, perhaps it would consider cleaning up the internet as well.
Business/FinancePsychology
Posted by The Curator on Wed Nov 19, 2008


...and all those hot stock tips I keep getting messages for on my cell phone (even though I don't trade in the stocks) angry
Posted by oppiejoe  in  Michigan - USA  on  Wed Nov 19, 2008  at  04:19 PM
FSA is urging companies to adopt policies "on how to deal with rumours and monitoring chat sessions, phone calls and emails from traders."

This has an underlying blend of "1984" and Upper Class Twit in the statement, doesn't it?
Posted by KDP  in  Madill, OK  on  Thu Nov 20, 2008  at  10:58 AM
Commenting is no longer available in this channel entry.
All text Copyright © 2014 by Alex Boese, except where otherwise indicated. All rights reserved.